> The key is finding investors willing to accept this level of uncertainty in project development. They need to be comfortable covering costs when they increase because permits take longer than expected, supply chain issues arise, or interest rates climb, making capital more expensive. All these uncertainties accumulate, making equity investors reticent to invest at a sufficient scale.
I know these investors and startups, and it's literally all regulatory uncertainty. If they felt confident the government would let the companies deploy in a timely fashion, the startups would get all the capital they want. All the non-dilutive stuff is great, and the interviewees do talk about streamlining permitting on federal lands, but the investors need to see that the startups can deploy everywhere for the business model to work. It's the same reason the tech companies themselves aren't stepping into making it happen. Until then, the feds will have to provide the capital/financing.
Hello gentlemen thank you for the fascinating discussion. Total geothermal electricity capacity in New Zealand is just over 900 MW, the fifth largest generator of geothermal globally. It has been estimated that there is sufficient geothermal resource for another 1,000 MW of electricity generation. Geothermal energy is NZ's second-largest renewable electricity source, providing about 18% of the country's electricity. NZ is currently looking for foreign direct investment in energy infrastructure. $NZ60 million from the Regional Infrastructure Fund to invest in exploring the potential of supercritical geothermal technology to help secure New Zealand’s future energy needs.
> The key is finding investors willing to accept this level of uncertainty in project development. They need to be comfortable covering costs when they increase because permits take longer than expected, supply chain issues arise, or interest rates climb, making capital more expensive. All these uncertainties accumulate, making equity investors reticent to invest at a sufficient scale.
I know these investors and startups, and it's literally all regulatory uncertainty. If they felt confident the government would let the companies deploy in a timely fashion, the startups would get all the capital they want. All the non-dilutive stuff is great, and the interviewees do talk about streamlining permitting on federal lands, but the investors need to see that the startups can deploy everywhere for the business model to work. It's the same reason the tech companies themselves aren't stepping into making it happen. Until then, the feds will have to provide the capital/financing.
Mood music is a vibe
Hello gentlemen thank you for the fascinating discussion. Total geothermal electricity capacity in New Zealand is just over 900 MW, the fifth largest generator of geothermal globally. It has been estimated that there is sufficient geothermal resource for another 1,000 MW of electricity generation. Geothermal energy is NZ's second-largest renewable electricity source, providing about 18% of the country's electricity. NZ is currently looking for foreign direct investment in energy infrastructure. $NZ60 million from the Regional Infrastructure Fund to invest in exploring the potential of supercritical geothermal technology to help secure New Zealand’s future energy needs.
Gotta look into this